• Sprott Money
    04/29/2016 - 05:58
    There is unfortunately no basis for renewed optimism that this current litigation will have any meaningful impact on precious metals manipulation – with respect to either silver or gold.

Nic Lenoir On Visualizing The Gobal Ponzi Scheme: How Does It End?

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Wed, 01/19/2011 - 13:12 | 887392 Turd Ferguson
Turd Ferguson's picture

I Love Nic but you absolutely MUST watch the USDX VERY CLOSELY over the next few hours:


Wed, 01/19/2011 - 13:16 | 887417 SilverRhino
SilverRhino's picture

Ok, I'll ask ... why???  Are we talking meltdown, meltup, default, etc?

Wed, 01/19/2011 - 14:10 | 887601 French Frog
French Frog's picture

Put a 60 SMA on a Daily $ Index chart with End Of Day (EOD) data and trade in the direction of the close (ie if $ Index closes above the 60 SMA, go long $ and short if it closes below); this has not failed once since May 09;

2 days ago, the $ Index closed below the 60 SMA and yesterday it failed to regain it; today the 60SMA is at 79.31: stay short $ unless we get a Daily close above that number today.

Wed, 01/19/2011 - 14:19 | 887627 Turd Ferguson
Turd Ferguson's picture

Very good point, Frenchy.

Btw, with O'Bottom and Long Duk Dong starting their joint presser, it might be wise to watch the video of their last joint appearance:


Wed, 01/19/2011 - 14:35 | 887690 French Frog
French Frog's picture

Thanks TF, but due to copyright, the video can only be viewed in the US, so us europeans can't see it

Wed, 01/19/2011 - 16:01 | 887927 Pladizow
Pladizow's picture

Is your avatar meant to make homosexuals dizzy?

Wed, 01/19/2011 - 16:49 | 888099 French Frog
French Frog's picture

you tell me lol

Wed, 01/19/2011 - 21:35 | 888941 Armchair Bear
Armchair Bear's picture


Wed, 01/19/2011 - 13:18 | 887418 jdrose1985
jdrose1985's picture

Why the sense of urgency?

The dollar bears have been living on the edge of their seats for years now.

Wed, 01/19/2011 - 13:21 | 887431 Turd Ferguson
Turd Ferguson's picture

Look at the chart on the post and you'll see why.

I'd simply post it here but I'm not allowed...which is why I started my blog in the first place.

Wed, 01/19/2011 - 14:00 | 887568 thetruth
thetruth's picture

Turd, my workplace has suddenly blocked your website for the first time today.  Would you mind pasting the textual portion of your post for people right here on ZH?



Wed, 01/19/2011 - 14:03 | 887581 Turd Ferguson
Turd Ferguson's picture

Do you work at JPM or an affiliate???

Here you go:

"At 78.44 on 11/21/10, suddenly the dreaded PIIG story re-emerged to give the USDX some strength. At the same level today, don't be surprised if Long Duk Dong and O'Bottom issue some type of "joint statement" that gives the buck a boost. If they don't, and 78.44 fails, look out below! We'll see 150 basis points come out real fast and a move to 77 will certainly provide the inspiration for solid bids in the PMs, all the way back up over 1400 and 30.

Wed, 01/19/2011 - 14:12 | 887604 thetruth
thetruth's picture

Thanks, Turd.


And no I don't, but thanks for the insult!  Hahaha


Would like to buy back in on gold and silver soon

Wed, 01/19/2011 - 14:15 | 887614 Turd Ferguson
Turd Ferguson's picture

Your moment to buy again is drawing near. Read this:


Wed, 01/19/2011 - 14:23 | 887643 thetruth
thetruth's picture

looks promising.  maybe will pull the trigger if still holding up in off hours

Wed, 01/19/2011 - 13:20 | 887435 NOTW777
NOTW777's picture

support @ 79 is gone unless some invisible hand saves it;

they are holding PMs under water like a beach ball as the dollar dives

Wed, 01/19/2011 - 13:29 | 887466 erik
erik's picture

Interestingly, the stock market is not getting a bid even though the USD is weak, and perhaps more importantly neither is copper.

Wed, 01/19/2011 - 14:13 | 887609 HarryWanger
HarryWanger's picture

It's catching a bid now. SPX will close -2 to flat. You should know the game by now. Run it down and buy the dip. Hasn't changed in weeks.

Wed, 01/19/2011 - 14:18 | 887625 SheepDog-One
SheepDog-One's picture

Urinal cake slinger.

Wed, 01/19/2011 - 14:29 | 887658 erik
erik's picture

I don't recall saying that dip buyers wouldn't show up.

SPY touched its 10 day moving average and found a bid so far.  I expect much more out of the dip buyers though.  They seem to be slow on the uptake today.  I doubt they will buy it back to even today, but they should have it back to even by tomorrow given recent track record.  Copper isn't interested though so far.

Wed, 01/19/2011 - 15:03 | 887773 mule65
mule65's picture

Not so much SPX and Nasdaq.  Pain at the pump is back.

Wed, 01/19/2011 - 17:54 | 888427 LooseLee
LooseLee's picture

Sorry USSA Minister of Propaganda. Didn't quite work out that way. Looks like a correction is imminent. Just when you buy into the bullshit it turns on you. Buying the dip on equities based on consumption in the USA may proved to be this decade's worst trade! Profligate consumerism (the USA) will be the death of our economy. Those who propagate the deception and outright lies of the MM and 'official' mouthpieces will be those with a bullseye on their forehead when boobusamericanus finally wakes up. Harry, have you looked in the mirror lately?

Wed, 01/19/2011 - 13:47 | 887523 SheepDog-One
SheepDog-One's picture

Thanks Turd. Its a shame Robo has chart posting privileges here and you dont!

Wed, 01/19/2011 - 14:16 | 887616 Turd Ferguson
Turd Ferguson's picture

Maybe if I change my avatar...

Wed, 01/19/2011 - 16:03 | 887931 Pladizow
Pladizow's picture

Can you be polished?

Wed, 01/19/2011 - 14:19 | 887629 Tense INDIAN
Tense INDIAN's picture

i so dearly want the dollar to come down

Wed, 01/19/2011 - 15:29 | 887851 Orly
Orly's picture

Sell EURCHF to 1.22.

Wed, 01/19/2011 - 17:12 | 888028 AccreditedEYE
AccreditedEYE's picture

Hey Orly, sorry for the OT, but are you still holding/buying UNG? What do you make of its inverse correlation to equities? 

Wed, 01/19/2011 - 13:18 | 887429 Oh regional Indian
Oh regional Indian's picture

Spot on nic. hard commodities, soft commodities, edible commodities, that is the complex complex to watch. Oh, and flamable commodities too, maybe especially today.

Oil is the biggest lever and completely controlled, Opec, Shmopec.

Any ideas for what will happen when Oil goes back to 140 in short order (Hormuz, Bab al Arab incident waiting to happen).

On oil this grew and on oil it will die. And good riddance. The industrial economy that is.



Wed, 01/19/2011 - 13:31 | 887472 Cdad
Cdad's picture

All but one of the signals [L. Blankfein Wildest Dreams Park] is suggesting the USD Stud man is about to have his way with everything alive. 

I hope it is the case because that would end the DUMBEST EQUITY RALLY IN THE HISTORY OF THE WORLD!  Although we are just sitting here after our morning sell off...the sell programs on underlying issues are continuing to surge through the equity market, again and again...selling without moving things through the miracle of HFT.  So the equity market is confirming its fear that the morally depraved USD stud man just might show up all ready to make adult movies.

The Euro will also TELL us...as the move of late there is so laughable that I sometimes have a hard time typing...especially when I hear that Goldman is upgrading that currency.

Throw on top of the entire burning heap of rubbish...the action on the shares of the world's largest zombie maker...which you would think would be heading for the sky...as criminal syndicate Wall Street bankers try to change the narrative that S. Jobs is not really all that important...lol...because most folk are guessing now that he will not be returning to that company....ummmm...ever.

Wed, 01/19/2011 - 13:34 | 887481 JW n FL
JW n FL's picture

Dearest Tonto,


Why do you think that minus the polite people who are printing into infinitim... that your personal quality of life will be the better for?

please explain minus all the sheepeople purchasing cheaply made goods from across the indian ocean, why that will be good for the 3rd world / brics...

please explain what you view your quality of life as minus all these polite liars trying to help you...

please explain if you have any concern for regional rulers breaking out minus some type of real / fake sense of law binding the sheepeople together? maybe you have never been close enough to a war lord to comprehend that question?

if you resort to personal attacks and skip the questions, I will of course understand.

Wed, 01/19/2011 - 13:47 | 887521 Oh regional Indian
Oh regional Indian's picture

Your words: Dearest Tonto


if you resort to personal attacks and skip the questions, I will of course understand

Good to see you have a sense of humor.

Enough said.


Wed, 01/19/2011 - 13:57 | 887558 JW n FL
JW n FL's picture

weakling, you cant handle a chat room... but you want the lights to go out... point taken.

Wed, 01/19/2011 - 13:21 | 887443 Cyan Lite
Cyan Lite's picture

USL, bitchez

Wed, 01/19/2011 - 13:23 | 887447 topcallingtroll
topcallingtroll's picture

I know how it ends. St vincent.mccrudden vanquishes the evil midget demon GG .and his 46 princes of darkness. Have faith people. This is all part of His plan. In a thousand years his martyrdom will.have changed the world and children will sing songs to him in sunday.school.....then again....maybe not.

Wed, 01/19/2011 - 13:29 | 887467 alter ego
alter ego's picture

No to be religious or out of the subject, but as an illustration for the people that believe that the market Bears are like the boy who cried wolf.

Here is some wisdom:

“For as in the days before the flood, they were eating and drinking, marrying and giving in marriage, until the day that Noah entered the ark,” (Gen.6-7).

We all know what happened after Noah entered the Ark.

Wed, 01/19/2011 - 14:00 | 887570 MachoMan
MachoMan's picture

Noah was a pig fucker

Wed, 01/19/2011 - 14:05 | 887585 sockcutter moto...
sockcutter motorforker's picture

might as well be when you have 2 to choose from

Wed, 01/19/2011 - 14:17 | 887624 weinerdog43
weinerdog43's picture

Lloyd Blankfein and Bob Rubin?

Wed, 01/19/2011 - 22:03 | 889025 sockcutter moto...
sockcutter motorforker's picture

i mean you can only choose one. hard choice now, isnt it?

Wed, 01/19/2011 - 15:15 | 887808 Watauga
Watauga's picture

I don't understand this comment on any level.

Thu, 01/20/2011 - 12:25 | 890107 MachoMan
MachoMan's picture

noah had an erection and pulled aside his robe and inserted his erection into a pig's bottom... I presume english is your first language?

PS, he also had a helper monkey that tagged the pigs that did not kick.

Wed, 01/19/2011 - 17:57 | 888435 LooseLee
LooseLee's picture

Sounds like something wanker and robo would do..

Wed, 01/19/2011 - 13:36 | 887487 Cash_is_Trash
Cash_is_Trash's picture

Man the Epsons, HPs, Xerox's, Lexmarks and Kyoceras!

It's gonna be a print to the finish!

Wed, 01/19/2011 - 13:38 | 887493 Quinvarius
Quinvarius's picture

The Fed and the bankers act only in their own interests.  They feel what is best for them is also best for the country in the long run.  They will pound the stock market into the dust if they think the dollar is going to far down.  They actualy believe the dollar is a safe haven and people will flock to it if the markets go bad.

Wed, 01/19/2011 - 13:49 | 887531 gwar5
gwar5's picture

As long as the West is as broke as it is, nothing has changed, Ponzi in effect.

US is worse off because we are pussies and used to the reserve currency status.

PM's for the long haul and store of value. Buy the F'ing dips.

Economic emergencies: nationalizations of miners possible

Wed, 01/19/2011 - 13:49 | 887533 max2205
max2205's picture

Buy the dipper's are wondering if this is the dip to buy. Lol

Wed, 01/19/2011 - 14:13 | 887612 HarryWanger
HarryWanger's picture

1282 seems to be the SPX trigger for the dip buyers. Bounced quickly off that level.

Wed, 01/19/2011 - 14:17 | 887623 SheepDog-One
SheepDog-One's picture

Oh, thats where the dip buyer Bernanke bought? You fuktard.

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